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Home My WebLink About0291 • • :~ccuunt to ~?:~y such i•hargr~; Nhen due shull IK• ~x~id !ry AiurtKatior t~~ I4lurlgakir u~ d~•m:ind. hy m:~sun u( :~ny d~•lault I~y tllortg~~gor under any pmvisiun o( this I`IUf~Ki1RN, hlurtg.iKc~c• dcvItima .ill Yuma e~•und h~•~rby lo I~e due und p:~y.~bl~~. lliurtRag~~ m:~y then ap~~ly any (uncLR i~ aa~id :~ccuunt aK:?inst the entin~ indehte~ln~•~ s~~•un~d hemLy. The enlon•~•ubilily uf the cuvNnantx reluti~g to tuxes, us~?e~wnents and insua~nce premiuoia hetein otherw~ise provid~d shuil nut bo ut(ectcc! r:crpt inso(iir i~s those obligutiuns have ix~en mct by cumpliam~e with thia {u~nigrciph. MorlguKer mtry (rnm time to time at ita option wiii~~e, und.:~tter uny such wui~er reinstate, nny or aU pruvisior?s hereo[ reyuiring auch de{~osita, by noti~r to Murtgugur in writinK. While a~ny such w~?i~•er is in etfc~~t, Mortgt?gor ahull ~~uy taxes, uax~xxsmrnts ~nd inwun~nce premiwns us hemin elsewhere pro~~ided. 4. Tu pmmpUy {my uU tvzea xnd :~srx•stc~n~~niK u~swd or leviecl uncier aad by virlue of :~ny stat~~, tederul. or muni~•i{x~l law or n~gulation henuftcr {~ssed, ugainst Mortgug~•e u{an this Mortgage or the debt hereby ae~vred, or u{wn its interc~t under this Martguge, provided huwrver, thut the total umuunt w{x~id tor .?ny such ta~x~~x pursu~nt to this {k+r.~Kruph t~grth- cr with ihe interest puyable on suid indebtedn~~s shull not ex~ti~ed ihe highest luw(ul mte ot interest in Florida und providc~l further that in the event ot the {ms~x:~ge of ~ny snch law or regulutiun im~w~+ing n tux or assesbmenl .?gainst 111ortRvgee up- un this A1ort,,;~ge or fhe debt securecl herrby, thnt the e~tire indebtetlneas s~•umd by ~hia MortR.~Re shnll thereu~H~n IM- come immecliutely due nnd {uiyt~ble at the o~~tion o( Mortg:~gee. 5. To keep the Mortgaged Properiy insured uguinst los~x or d<+mlige 1?y tire, ar?d ull {mrils insund a~guinst hy an ex- te~drd co~•er.~ge endursement, and such other riaks and ~~erils .is Morig:~gee in its disrretion muy require. The {~licy or ~wli~•iea of such insurunre shall be in the totm in general us~e from time to time in the loc.ility in which the Mortgagc~i Yro{~erty is aituated, shall be in such .~mount :is Alortg:~gee muy masonahly require, shull he issued hy n company or ~•om~x~nies approvea by Mortgugee, und shall ~•ont:iin a standv~ mortRugee clau~ W~eh loss ~k~yable to Mortg.igee. Whcn- ever required by Mortgugee, such ~wlicies, shall be delivered immediately to nnd held hy Mortqagee. Any and all amounts received by Mortgagee under t~ny of such ~~olicies muy i~e applied by 1~lorlgagee on the indebtedness secureci hemby in such manner as MortgnRee may, in its sole discretion, elect or, ut the option of Morlg.~gee, the entire :~mount so rec~rived or uny - part thereof mny be mleased. Neither the sipplication nor the release o( nny such nmounts shall cure or waive any de(ault. Upon exemige ot the power of s:~lc given in this Mortgage or other acquisition ot the 1~1ortRaRed Pm~~erty or any part th~rc- of by Mortg~Xee, such ~>olic~es shall become the aM3olute property ot hfortg:~Ree. 6. To tirst obtain fhe wrilten consenl of Mort~:~Ree, such consent l0 1?e Krantrd or withheid at the sole di~•mtion ot MortRa~ee, hetore (a) removing or demolishinR any building now~ or hema(ter erei•ted on the premises, Ib) allerinR the urrangement, design or structural c•haracter thereot, (c) makinR any rn~wirs which im•olve the remo~•al ot structural ~k~rts or the expoaure ot the interior o( such buildinR to the elements, (d) cutting or rnmovinR or permitting the cutting and re- mo~:~l oi any trees or timber on the MorlgaRed Property, (e) removin~ or exchanginR any tangible ~~ersonal property whi~h is ~x~rt of the Moriga~ed Pro~~erty, or enterinR into or modifyinR any le:?~es o( the 1~1ortRaRed Yro~~erfy. 7. To maintain the 141oriR~ged Pm~~erty in Rooc! condition and mEh~ir, including but not limited lo the mukinR of su~h rr~uiirs as MortgaRee may from time to time determine to be necess:iry for the presen•ation of the MortR~gcd Ym~rty ~nd to not commit pr {~ermit Rny waste thereof. 8. To i•omply with, all law•s, ordin.~nres, regulations, ~Yn~en:~nts, i•onditions and restrictions at(~~•tin~ the 1~lortgaRcri YroE~erty, and not to su(fer or {~ermit any violation thereof. 9. It Mortgagor t:~ils to ~~:~y :my i•laim, lien or en~•umbr.in~•e which is su{>rrior to this I~1ortR:+Re, or when ~1ue, any t:ix or :~ssescment or insur<~ace premium, ar to keep the Mortgaqed Ymperty in repair, or sh~ill commit or ~~ermit waste, or if there t~e commenced any action or pmceeding affecting the Mortgaged Properly or the title thereto, or the interest o(. MortgaRee therein, includinR, but not limited to, eminent domain and bankruptcy or reorKaniz:ition pr«~eedings, then Mortga~ee, at its option, muy sk+y said claim, lien, encumbrance, tax, assessment or pmmium, with right ot subrog:~tion thereunder, may make such m{~.~irs and take such steps as it deems ad~~is:ible to prevent or curn su~•h w:~ste, and may ap~~ear in any such action or proeeeding ~nd retFiin counsel tfierein, and iake such action therein :~s Mort~:~Kee dE~c•ms ad- ~•is:ible, and (or any of such purEwsr_~s Iltortgagee may ad~•ain~•e such sums of money, including all ccuts, reasonable :ittor~ey's fees and other items o( ex~~ense as it deems ne~rss:iry. Mortgagee shall be the sole judge of the leqality, validity and priority of :~ny such ~•laim, lien, ene~mbr.~nce, tax, asvessment and premium and of the amount necess:~ry to he paid in satisfai•tion thereof. Mortgagee shall not I~e held accountable for any delay in m:~king any such ~kiyment, whi~~h delay may result in uny additional inlerc~t, cc,sts, charRes, ezE~enses or othen+ise. ~ 10. tiortRaRor ~vill pay to MonRaKee, immediately and w•ithout dem:ind, all sums of money ad~~ane,ed by MortgaRc~e " to protect the security hemof pursunnt to this T1ortRaRe, inc•lading :dl ~•osts, reasona~ble attorney's (ees :ind other items ot ~ ~ ex~~ense, toRether with interest on each su~•h advancement at the highest lawful rate of intemst ~~er annum in the State ot Florida. "and all such sums .~nd interest thereon :shal) he sc~vre.d herehy. il. All sums o( money sF•~vred h~r~hy shall }?e p:~yahle without any mlif~t whatevcr lrom :~ny ~:~lu:~iion ~r a~?prai~•- ~ mc•nt I.IR'9. i ~ 12. It de(.iult he made in p:iyment of :~ny inst:ilment ui principal or intrrest of the Note or any ~hitt fhereuf when 's~ due, or in ~x~yment, when due, or any other sum sec-ured hemby, or in performance o( any of Mortgagor's obligations, cro~~en- ~ ants or aRreements hemunder, all ot the indebtedness secured hereby shall t?ecome and F?e immediately due and payable at the fi option of Mortga¢ee, a•itho~t ~otice or demand which are hereby eYpres.4ly H•aived, in which event Mortqagee may a~•ai) itsel( ~ of all rights and remedies, at law or in equity, and this MortRaqe m~y I~e foreclosed with all rights and remedies ~fforded by ; the laws ot Florida and MoriRagor shall ~-~y all costs, char~es and expen.Res thereof, including a reaeonable attorney's fee, ~ in~•luding all such costs, expenses and attorney's (ees (or any retri:~l, rehearing or appeals. The indebtedness secured.hereby ~ sh:dl bear interest at fhe highest lawful rate of interes. ~~er annum in the State of Florida trom and after the date ot any ~ such default o( MortRaRoc It the Note provides (or instalment payments, the I~tortRaRee may, at its option, collect a late ` eharQe not to ex~•eed two ~•ents tor ea~•h one dollar not paid to th~ 1~tortKa~ee when due, to reimburse the A1ortQaRee (or ~ t~x~?enses in collectinR and servi~•inR such instalment ~krymenls. v 13. I( default 1?e made in p:iyment, «~hen due, of any indebtednc~s secured herehy, or in Ix•rformance of any of ~1nrtK:~gor's obliRations, rn~~enants cir a~reement hereunder (a) MortgaKee is authorized at any time, without notice, in its sole disc•retion to enter u{>on and take F~ossession of ~ the MortRaRed YroE~erty or any part thereo(, to ~~ertorm any acts blortRa~:ee deems necessary or proper to consen•e the d - sec~rity and to colle~•t and re~~ei~•e :ill rents. issues and profits thereof, ini•IudinR lhose p~st due as well :~s th~,se acrruin~ thereafter. and s (h1 Mortgagee shall be entiHed, as a matter of strict right, without notice and ex~irte. and K~ithout reKard to the - valuP or occupancy of the secvrity, or the solvenc-y of 11'IortRaQor, or the adequacy of the MortqaRed Property as sec-urity tor } the Note, to have a reeeiver appointed to enter u~~n and take {ws~ssion of the MortRaged Property, collect the rents and pmfits thernfrom and apply the same as the court may dire~t, such receiver to have all the ri~hts and ~xzwerx permitted I = under the law•s of Florida. . ~ ~ In either such ~:ise, l~tort~aqee or the recei~~er may als~ take ~mssesSion of, and for these purposes use, any and all ~ ~iersonal pm~ierty which is a part of the I~iortgaged Pro~?erty and used by ~tortgagor in the rental or IeasinR thereof or ~ .iny part thereoL The ex~~ense (ineluding recei~•er's fees, coutuer) (ees, costs and agent's compensation) incurred pursuanf { fo the powera herein contained shall be secured hereby. :~1ortRagee ahaq (a(ter payment ot aU costs and expenses incurreci) ~ ~ II -2- ~ a ~,Rr 3U1 291 ~ . _ . _ ~:~.o : ~S ~ s ~=ti- < ~ ~ ~ ~ . _ _ ~ A _ _ _ ~_1 ~t_,